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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: StockOperator who wrote (1922)3/3/2001 5:39:56 PM
From: Lee Lichterman III  Read Replies (2) | Respond to of 52237
 
Agree but next week's candles could be a hammer or we could form a two week tweezer. I am running more charts right now and what I am seeing to be of help is pulling way back to at least 97. We seem to be nearing some horizontal supports that may provide a bounce point. Problem is I hate horizontal supports. -ggg-

What is more important to me than trying to find the bottom is trying to figure out where the leaders are going to come from. Every major correction and bear gives birth to a new strong sector. I just don't buy this old economy and penny stock crud being it. Telecoms have huge debt and won't be buying buildouts in size, PC based stuff is dead, I like cable but how much can they spend? Biotech has had it's day and is over priced ( and you know who, don't come in and start slamming me for this, we all know you love Biotech and think it will change the world -g- ) There will probably be something we are not even watching that takes over.

Anyway, I am off to work for a couple hours.

Good Luck,

Lee